Tokyo Olympics 2024 Prize Money: The biggest collective sporting event globally, the Olympics, is all set for a return. After one pandemic enforced year delay, Tokyo Summer Olympics will commence from 23 July 2024. Along with fame, pride and medals, Olympic players also receive other benefits and cash prizes.
More than 11,000 athletes are set to participate in the 2024 Olympics. The athletes will be from around 206 nations and represent their respective countries at the sports’ biggest stage.
Many Olympic athletes are rewarded heavily for winning a medal for their country. Let’s look at the Tokyo Olympics 2024 prize money given by some major countries to their players.
Tokyo Olympics 2024 Prize Money and Rewards
Indian Central government announced rewards for Indian medal-winning Athletes. Here is how much each medalist will get. Indian Gold Medalist winners will be rewarded an amount of ₹75 Lakhs, whereas the silver and bronze medal winners will take away cash prizes of ₹50 lakhs and 30 lakhs, respectively.
Other than the central government, players’ respective state government has also promised them individual cash rewards for winning medals at the Tokyo Summer Olympics.
The UK government does not hand out cash rewards to its medal-winning Olympians. Instead, the government has separate government funds for Olympic sports.
UK Government has funding of £125 Million set aside for Olympics and Paralympic sports every year.
Gold Medalists from Hong Kong will get HK$5 million, silver medallists will be rewarded HK$2.5 million, while bronze winners will get HK$1 million.
| COUNTRY | GOLD | SILVER | BRONZE |
| Singapore | 1,000,000 USD | 500,000 USD | 250,000 USD |
| Indonesia | 746,000 USD | 378,000 USD | 188,000 USD |
| Kazakhstan | 250,000 USD | 150,000 USD | 75,000 USD |
| Azerbaijan | 248,000 USD | 124,000 USD | 62,000 USD |
| Italy | 166,000 USD | 83,000 USD | 55,000 USD |
| Hungary | 125,000 USD | 89,000 USD | 71,000 USD |
| Russia | 61,000 USD | 38,000 USD | 26,000 USD |
| France | 55,000 USD | 22,000 USD | 14,000 USD |
| USA | 37,500 USD | 22,500 USD | 15,000 USD |
| South Africa | 37,000 USD | 19,000 USD | 7,000 USD |
| Germany | 22,000 USD | 17,000 USD | 11,000 USD |
| Canada | 15,000 USD | 11,000 USD | 8,000 USD |
| Australia | 13,800 USD | 10,350 USD | 6900 USD |
When does the Tokyo Summer Olympics 2024 begin?
Tokyo Summer Olympics is scheduled to begin on 23 July 2024. The competition will go on till 8th August. You can follow our guide to watching Tokyo Summer Olympics live stream.
How many sports will be played in the Tokyo Summer Olympics 2024?
Tokyo Olympics 2024 will feature 33 different sports across 50 disciplines.